Market news
Daily summary: Weak start to the week for global equities
European indices finished today's session lower, with DAX down 0.1% dragged down by tech stocks. The German economy unexpectedly contracted in Q4, and Spain's inflation accelerated in Janu...
Alibaba plunges 7.0% amid HQ move reports
Alibaba (BABA.US) shares plunged over 7% following rumors that the Chinese e-commerce giant was planning to move its headquarters from China to Singapore. However, the company denied the speculation, ...
EV makers under pressure
Tesla (TSLA.US) stock fell over 3.0% on Monday despite Berenberg upgraded EV maker to buy from hold saying that latest price cuts are part of a broader strategy and that battery cell production is ano...
EUR/USD remains steady
This will be the most important week of this year so far, with the investors paying attention to the various decisions made by the Central Banks (BoE, Fed and ECB), as well as data on the labour marke...
CHNComp pulls back from crucial resistance
CHNComp pulled back from 6-month highs as Chinese markets resumed trading after week-long Lunar New Year holidays, potentially snapping a recent rally driven by China’s rapid reopening hopes. Ev...
Top stock reports to watch this week (30.01.2023)
Investors got the first glimpse of reports from US top-tier tech companies last week, like Microsoft or Tesla. Earnings scheduled for this week will also be tech-heavy with reports from 4 US megatech ...
Chart of the day - DE30 (30.01.2023)
Rate decision from Federal Reserve on Wednesday, 7:00 pm GMT as well as US NFP report for January on Friday, 1:30 pm GMT are key events of the week. However, it does not mean that there are no other n...
BREAKING: EURUSD trims gains after German GDP data
The German GDP report for Q4 2022 was released today at 9:00 am GMT. Report turned out to be a disappointment with GDP growth coming in at 0.5% YoY, compared to 0.8% YoY expected. On a quarter-over-qu...
Economic calendar: German GDP report opens a busy week
European indices set for flat opening GDP report from Germany and POland Fed, BoE and ECB to announce rate decision later this week Index futures point to a more or less flat opening o...
BREAKING: USD weakens after PCE reading
US data pack for December was released at 1:30 pm GMT today. Attention was mostly on Fed’s favorite inflation gauge - core PCE inflation data which came in line with expectations. Decrease in pr...
Intel plunges nearly 10.0% in premarket on weak quarterly results
Intel (INTC.US) shares fell nearly 10% in premarket trading after the chip maker posted disappointing Q4 results and issued a weaker-than-expected financial guidance. Highlights of Q4 2022 results ...
Chart of the day - Platinum (27.01.2022)
Precious metals are underperforming today as the US dollar strengthened. USD has erased some of the gains, allowing precious metals to trim part of the losses. Nevertheless, precious metals continue t...
Economic calendar: US PCE inflation, Lagarde speech
European indices set to open slightly higher US core PCE data due at 1:30 pm GMT Lagarde set to speak, American Express and Chevron report earnings Futures markets point to a slightly ...
Morning wrap (27.01.2023)
US indices finished yesterday's trading higher. S&P 500 gained 1.10%, Dow Jones moved 0.61% higher and Nasdaq rallied 1.76%. Russell 2000 added 0.67% Indices from Asia-Pacific traded highe...
Stock of the week - Tesla (26.01.2023)
Tesla surprises markets again, this time positively. Yesterday Tesla announced results for the most recent quarter, positively surprising the market. The company's stock jumped over 10.0% on Th...
